Monthly Archives: March 2010

EIA Energy Stocks Report [3/31/2010]

NEW YORK, March 31 (Reuters) – U.S. crude oil stocks last week rose 2.9 million barrels, slightly more than forecast, while gasoline inventories logged a modest but surprise gain, U.S. Energy Information Administration data showed on Wednesday. Distillate stockpiles fell slightly less than forecast by a Reuters poll of analysts in the week to March… read more

Livestock News

CHICAGO, March 31 (Reuters) – Chicago Mercantile Exchange cattle futures were narrowly mixed early on Wednesday in electronic trading as beef market was seen topping. Hogs were higher on support from Friday’s bullish hog report with steadier cash hogs and higher product supportive.… read more

Opening Grain Calls

CHICAGO, March 31 (Reuters) – CBOT soy futures were called to open down at least 7 to 12 cents per bushel Wednesday, with corn down 3 to 5 cents and wheat down 2 to 4 cents on what traders called bearish stocks data in USDA’s quarterly stocks report. (Reporting by Sam Nelson; Editing by John… read more

Prospective Planting and Grain Stocks [3/31/2010]

Prospective Planting Released March 31, 2010, by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board, United States Department of Agriculture (USDA). Special Note NASS is in the process of modifying report layouts in order to improve readability. This is the first issue produced using the new layout. This report issue is published using both… read more

How the median line acts as a price magnet. [chart]

This Coffee chart is a great example how the median line (center line) acts like a magnet to attract price. How the market reacts to this line can be a very good indicator of future price action. A market that reaches the line quickly and with a wide range day will typically reverse at the line.… read more

Consumer Confidence [3/30/2010]

By ANNE D’INNOCENZIO AP Retail Writer NEW YORK (AP) — Americans’ confidence in the economy rebounded in March after a February plunge, but shoppers still remain cautious, according to a private research group’s monthly survey released Tuesday. The Conference Board’s Consumer Confidence Index rose to 52.5 in March, recovering about half of the nearly 11… read more

Grain Opening Calls

WHEAT – Up 3 to 4 cents per bushel. * Weak dollar and technical short-covering lifting wheat futures but gains limited by abundant global stockpile of wheat. SOYBEANS – Up 3 to 4 cents per bushel. Weak dollar, higher crude oil and concerns about ability of South America to ship soy due to spreading labor… read more

Consumer Confidence – 9:00am, Today!!! – [3/30/2010]

What is Consumer confidence and why should I pay attention? Consumer confidence is the degree of optimism that consumers feel about  the current state of the economy and their personal financial situation. In turn, this is expected to determine spending activities and therefore can serve as an indication of overall economic standings. Higher Consumer Confidence =… read more